Click to listen highlighted text!
The Jobs numbers on Friday were great!
The headline number, 235 Thousand Jobs added in February far surpassed analysts estimates, but wage growth was a bit less than expected.
Stocks on Wall Street managed to chug a green day out but ended up at a loss for the week, the first weekly loss since the Dow 20k party in January.
Stocks in Asia this morning are mixed, with mild gains in China, mild losses in Australia, and the Japanese are completely flat.
The big concern, Oil remains below $50 a barrel due to record-setting oversupply in the United States. The US Dollar is also under pressure as we head out this week and gold is gaining on the weak dollar, back above $1200 an ounce.
The markets look ahead to the Fed who are fully expected to raise the interest rates in the US on Wednesday and President of the ECB Mario Draghi will be speaking today at 13:30 GMT.
Weekend TradingWe had a lot of fun last weekend trading on Bitcoin. Unfortunately, the SEC declined the ETF that we were hoping for. The news caused a rather large spike down but as we can see, the price has fully recovered already and is now trading exactly where it was before the decision.
This is a perfect example of the old statement and as with almost all investing. The longer the timeframe that youre looking at investing, the less all these short term announcements and events impact your bottom line.
The newer cryptocurrency on the block is doing fantastic. Ethereum is up $8 a coin so far today making one of the biggest moves since inception. :)
Nothing Common About ItAfter the vote in the House of Lords last week, Theresa Mays Brexit Bill now goes back to the House of Commons today.
The Bill itself is very short. It simply states that the UK can leave the EU. The Lords wanted to make a few changes though, adding a bit of complexity and giving themselves a bit more influence over the process.
The Lords can afford to play around they are appointed by the queen and not elected by the people. The Commons, on the other hand, have to answer directly to their constituents. So when people say Brexit, they feel compelled to comply.
The wide expectation is that the Commons will throw out the changes made by the Lords and pass the Brexit Bill without any further friction.
Technically speaking, the Brexit could happen tomorrow but that does seem a bit rushed. May still has another two and a half weeks to make her March deadline and I expect shell want to use them wisely.
With a clearer forecast for Brexit, the British Pound is up today...
Mati Greenspan - Senior Market Analyst - eToro

The Jobs numbers on Friday were great!

The headline number, 235 Thousand Jobs added in February far surpassed analysts estimates, but wage growth was a bit less than expected.

Stocks on Wall Street managed to chug a green day out but ended up at a loss for the week, the first weekly loss since the Dow 20k party in January.

Stocks in Asia this morning are mixed, with mild gains in China, mild losses in Australia, and the Japanese are completely flat.

The big concern, Oil remains below $50 a barrel due to record-setting oversupply in the United States. The US Dollar is also under pressure as we head out this week and gold is gaining on the weak dollar, back above $1200 an ounce.

The markets look ahead to the Fed who are fully expected to raise the interest rates in the US on Wednesday and President of the ECB Mario Draghi will be speaking today at 13:30 GMT.

Weekend TradingWe had a lot of fun last weekend trading on Bitcoin. Unfortunately, the SEC declined the ETF that we were hoping for. The news caused a rather large spike down but as we can see, the price has fully recovered already and is now trading exactly where it was before the decision.

This is a perfect example of the old statement and as with almost all investing. The longer the timeframe that you're looking at investing, the less all these short term announcements and events impact your bottom line.

The newer cryptocurrency on the block is doing fantastic. Ethereum is up $8 a coin so far today making one of the biggest moves since inception. :)

Nothing Common About ItAfter the vote in the House of Lords last week, Theresa May's Brexit Bill now goes back to the House of Commons today.

The Bill itself is very short. It simply states that the UK can leave the EU. The Lords wanted to make a few changes though, adding a bit of complexity and giving themselves a bit more influence over the process.

The Lords can afford to play around they are appointed by the queen and not elected by the people. The Commons, on the other hand, have to answer directly to their constituents. So when people say Brexit, they feel compelled to comply.

The wide expectation is that the Commons will throw out the changes made by the Lords and pass the Brexit Bill without any further friction.

Technically speaking, the Brexit could happen tomorrow but that does seem a bit rushed. May still has another two and a half weeks to make her March deadline and I expect she'll want to use them wisely.

In order to provide you with the best online experience this website uses cookies. Delete cookies

Cookies Policy

We use cookies to make sure that our website works correctly. We also use cookies for some basic analytics, to help us improve the site. We won't place non-essential cookies unless you have given us permission to do so.
Learn more

Accept

Information cookies

Cookies are short reports that are sent and stored on the hard drive of the user's computer through your browser when it connects to a web. Cookies can be used to collect and store user data while connected to provide you the requested services and sometimes tend not to keep. Cookies can be themselves or others.

There are several types of cookies:

Technical cookies that facilitate user navigation and use of the various options or services offered by the web as identify the session, allow access to certain areas, facilitate orders, purchases, filling out forms, registration, security, facilitating functionalities (videos, social networks, etc..).

Customization cookies that allow users to access services according to their preferences (language, browser, configuration, etc..).

Analytical cookies which allow anonymous analysis of the behavior of web users and allow to measure user activity and develop navigation profiles in order to improve the websites.

So when you access our website, in compliance with Article 22 of Law 34/2002 of the Information Society Services, in the analytical cookies treatment, we have requested your consent to their use. All of this is to improve our services. We use Google Analytics to collect anonymous statistical information such as the number of visitors to our site. Cookies added by Google Analytics are governed by the privacy policies of Google Analytics. If you want you can disable cookies from Google Analytics.

However, please note that you can enable or disable cookies by following the instructions of your browser.

JavaScript is currently disabled.Please enable it for a better experience of Jumi.

Click to listen highlighted text!

JavaScript is currently disabled.Please enable it for a better experience of Jumi.